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Author Topic: SAFE TRADING METHOD  (Read 2915 times)
Rosam
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March 11, 2018, 10:08:10 AM
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 #61

The thing is there is not trading method that will always work for everyone. Too many variables there ranging from your personality (we don't all have the same aversion or love for risk) the amount you trade (if you start with 50$ your best strategy could be to play on some very volatile - and dangerous - coins that can yield a high return in a short term, if you are trading with 50k, having a good return on 100000 sats is irrelevant), where you trade from (some exchanges are not available from everywhere) and I could go on. Not mentioning of course the fact that in some markets anybody can win whatever choice they make (spring 2017) and in some (early 2018) even experienced traders are struggling to just minimize losses. The strategies are just not the same in a bull market and in a bear market.
However you do need a strategy and it has to respect a few basic rules.
- diversify, usually I do not have more than 5% of the bankroll on any trade or coin
- don't enter with all your cash (keep some cash to be able to keep buying if the market keeps going down)
- check what you are buying (most tokens and coins are just vapor and will end up worth nothing), check the team, the plan, the size of the community, so you have a fair chance of holding something that will retain some value.
- set rules of exit (if I make of profit, I will take x% of the profit out of crypto). Not selling when prices rise is just as tempting as selling when prices fall, and in both cases it is quite often a mistake.
- learn about crypto while you are checking your status, DPOS or Pos coins can be a good option for beginners, or small bankrolls, but you have to understand how they work and  find some that are reliable.
And be aware that to make some profit in any kind of trading you need some hard work put in and some luck. I am not sure that there was a trader that could imagine in 2016 that bitcoin would close 2017 at 20 000 (I certainly was not).

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March 30, 2018, 04:04:49 AM
 #62

That should be do it for every trader because we can not guarantee make profit from trading, make speculation is mean there any posibility will fail or success. Use free money afford to lose is much better to manage the risk and to avoid any bad psychology in trading.

8Habits
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April 02, 2018, 10:09:32 PM
 #63

The thing is there is not trading method that will always work for everyone. Too many variables there ranging from your personality (we don't all have the same aversion or love for risk) the amount you trade (if you start with 50$ your best strategy could be to play on some very volatile - and dangerous - coins that can yield a high return in a short term, if you are trading with 50k, having a good return on 100000 sats is irrelevant), where you trade from (some exchanges are not available from everywhere) and I could go on. Not mentioning of course the fact that in some markets anybody can win whatever choice they make (spring 2017) and in some (early 2018) even experienced traders are struggling to just minimize losses. The strategies are just not the same in a bull market and in a bear market.
However you do need a strategy and it has to respect a few basic rules.
- diversify, usually I do not have more than 5% of the bankroll on any trade or coin
- don't enter with all your cash (keep some cash to be able to keep buying if the market keeps going down)
- check what you are buying (most tokens and coins are just vapor and will end up worth nothing), check the team, the plan, the size of the community, so you have a fair chance of holding something that will retain some value.
- set rules of exit (if I make of profit, I will take x% of the profit out of crypto). Not selling when prices rise is just as tempting as selling when prices fall, and in both cases it is quite often a mistake.
- learn about crypto while you are checking your status, DPOS or Pos coins can be a good option for beginners, or small bankrolls, but you have to understand how they work and  find some that are reliable.
And be aware that to make some profit in any kind of trading you need some hard work put in and some luck. I am not sure that there was a trader that could imagine in 2016 that bitcoin would close 2017 at 20 000 (I certainly was not).

Good points! I highly recommend new traders to read these and comprehend it better. Don't believe those so-called crypto trading gurus that trading is easy and you can earn fast because trading is hard work and you need to have a system that you are comfortable with coupled with a strong emotional core before you even make your first trade.
Gotottack
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April 02, 2018, 10:22:24 PM
 #64

I, too, believe in apportioning my money to various channels in order to grow it. So I must say what you are up to is a good thing since I do just the same. However, I do not subscribe to your use of the terms "safe trading method" because it is inaccurate in the sense that not all methods are safe for everyone. Have you heard of the saying "different strokes for different folks"? It means there can be no hard-and-fast rule when it comes to a thing especially when we are faced with different personalities in unique situations. Simply put, what works for you does not necessarily mean it will work for me.
nelson4lov
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April 02, 2018, 10:33:05 PM
 #65

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.


There's no perfectly working "safe" trading method. At the end of the day, It's all about the profits or the losses and not about the capital. There's more better way to deal with investing in the crypto market tho ~ buy low, sell high. If you buy low and it keeps getting lower, the only thing you can do at this point is to continue hodling. The crypto market isn't for the faint of heart. So due diligence is someone needs to key into.

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8Habits
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April 02, 2018, 10:58:10 PM
 #66

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.


There's no perfectly working "safe" trading method. At the end of the day, It's all about the profits or the losses and not about the capital. There's more better way to deal with investing in the crypto market tho ~ buy low, sell high. If you buy low and it keeps getting lower, the only thing you can do at this point is to continue hodling. The crypto market isn't for the faint of heart. So due diligence is someone needs to key into.

That is true as we can't really predict all of the emotions of traders in the world. It is just hard to predict but a good trading method will get you through with being emotional in trading. With a good trading method that you are comfortable with, you can just buy and sell at your pre-determined price and no emotions really is involved.
political1907
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April 02, 2018, 11:16:21 PM
 #67

I think there is no safe trade method. Because trade itself involves some risks. We can only reduce the risks with some methods. We can learn these methods only by experimenting.

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April 02, 2018, 11:26:35 PM
 #68

Money yields no profit if it is not used in any profitable investment. Although it is very important to make investment, and good ones indeed, it should be noted that the money should be one that is risk free in case chances of success fail. I invested 150$ in one business that yielded nothing for me, yet i never received my money back all because i was a tabula rasa in investment strategies. That amount is a lot of money in my country. Its good to invest alright, but invest with money and the brain and not just the money.
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April 02, 2018, 11:32:15 PM
 #69

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.
You can see that the current market is in a downtrend, so it is very difficult to trade successfully. In my experience, bitcoin always has a rest period, and the price of the bitcoin is overwhelming, so it's time for you to trade the bitcoin. You should not trade when the market is down, it is very risky and the risk is very high, you can easily fall into the bottom fishing and lead to losses.
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April 02, 2018, 11:45:38 PM
 #70

I think there is no safe trade method. Because trade itself involves some risks. We can only reduce the risks with some methods. We can learn these methods only by experimenting.

I might say that day trading cam be say safe , or it still depends on the investment we will be buying, having some coins that seems good in day trading like TRX which increases in some time and dips within a day. We just need to watch what coin fits well.
Hypnosis00
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April 03, 2018, 01:45:24 AM
 #71

There is no such thing as safe trading method because all of the method or strategy that you will be using in trading is not safe since the market is volatile so it might not work like you expected. Trading needs a lot of method in order for you to combine them all and produce a better type of idea that you are going to use to make profits.
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April 03, 2018, 03:06:16 AM
 #72

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.

You are right. There is no professional trader will use 100% from their bank account ever, even when the market is bullish. You know, nobody can tell what will happen next with the price. So many beginners, don't think of this until they loss all of their money.
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April 03, 2018, 03:34:48 AM
 #73

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.
Long-term investments are an option for you not to look at the market every day and not to become discouraged when it goes down. This is a great option, but it is still limited because you can not increase the amount of ownership you have through trading.

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April 11, 2018, 02:37:38 AM
 #74

Yes that very good idea, i was also do it when start to trade in real account. I remember when i start trading in forex market my first deposit only $10 and used micro account. To get profit in trading need long proccess and not possible to become instant rich people from trading. All need times and learning process, patient and keep learn from the pass is key of success in trading.

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April 11, 2018, 03:03:56 AM
 #75

I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.
Besides just using money that is not for daily needs but also do not directly use all capital in one time trade this is important because the market conditions are very quickly changed. Cutloss immediately if the condition is getting worse.
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April 11, 2018, 03:45:46 AM
 #76

I do not think you need to use money / capital that is used for family purposes for trading because trading is something that is very risky unless you have expertise in the world of trading.
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April 11, 2018, 09:37:57 AM
 #77

Safe trading requires you to use yourself in the use of your investment in trading because there are so many scammers that use Bitcoin, and do not change 100% in a coin to avoid losing investment.

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April 11, 2018, 09:46:14 AM
Last edit: April 14, 2018, 05:51:25 PM by crypmike
 #78

25% is too much... probably you should try to start with 5-10% of your capital
If you will be successful in your trading you can increase the amount step by step
Keep your money in safe, manage your risks, investigate different opinions and fundamental reasons, be smart and take profit.
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April 11, 2018, 11:03:12 AM
 #79

This is a simple trick to free from high stress level. Because of some incident people give all of their wealth in the trading become frustration. That's something fatal if you use the whole wealth in the trade.

They are too complacent with a big advantage without seeing the negative side.

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April 11, 2018, 11:38:17 AM
 #80

This is a simple trick to free from high stress level. Because of some incident people give all of their wealth in the trading become frustration. That's something fatal if you use the whole wealth in the trade.

They are too complacent with a big advantage without seeing the negative side.
Usually a common mistake had been done by newbie investors or trader where they are carelessly putting or risking their money or all wealth into a particular coin which would really result into an extreme stress once you do see the price would go down or will result into negative profit.Therefore its always been suggested that we should always invest on the money that we can afford to lose to avoid such stress to be experienced.The word safe on trading isnt fitted because every investment do have risk.

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